Commercial Construction Loans

BUILD-TO-SUIT
COMMERCIAL CONSTRUCTION LOANS

  • Ground up construction projects including land purchase.
  • Retrofit of existing structures.
  • All direct project costs including soft costs included.
  • Single tenant projects with strong credit preferred.
  • Only strong national credit tenants considered for multi-tenant projects.

TYPICAL TRANSACTION TERMS

  1. Loan Amounts:  $2MM – $20MM+
  2. Loan to Cost:  80% to 100%
  3. Maximum Stabilized LTV:  75%
  4. Loan Term with Extensions:  12 – 36 months
  5. Prepayment:  Open prepay with Minimum Interest
  6. Rate:  Starting at 1 Month LIBOR + 6.5%
  7. Minimum Origination / Exit Fees:  2.5%
  8. Geographic Region:  National except MN, ND, NV, SD, VT, & WV
  9. Guarantor:
    1. Recourse:  Non-Recourse with Completion Guaranty, Surety Bond may be required
    2. Minimum FICO:  640
    3. Liquidity/Net Worth:  15%/100% of Loan Request
    4. Bankruptcy:  None in the past 5 years
  10. Reserves (as required):  Interest, Taxes, Insurance, and/or Construction.

DOCUMENTATION

Click Here
to download and provide the necessary documentation to receive a Conditional Loan Commitment.

1-888-578-5441